NEW DELHI (Reuters) - Pakistan has received the second tranche of special drawing rights worth 760 million ($1,023 million) from the International Monetary Fund under the extended fund facility programme, the country's central bank said in a post on X on Wednesday.

With the transfer, the total disbursements stand at approximately $2.1 billion under the IMF's Extended Fund Facility (EFF) of $7 billion, which was signed between Pakistan and the global lender last year. The federal government is planning to unveil the Budget for fiscal 2025-26 on June 2. The IMF talks will continue until May 16.

Pakistan has received $1,023 million as the second instalment under the IMF’s Extended Fund Facility, boosting its forex reserves. However, India abstained from the vote at the IMF board, flagging Pakistan’s poor track record,

In addition to the IMF funding, the government anticipates receiving a further $2 billion in budgetary support from development partners.

Pakistan has received the second tranche of special drawing rights worth $1.023 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) programme, the central bank said in a post on X on Wednesday.

According to sources, the IMF delegation’s visit to Pakistan has been delayed by one week; however, the delegation is now expected to visit next week. The government will engage in mutual consultations with the IMF to determine the new budget targets.

Owaisi said the international community must recognise Pakistan as a “failed state” and take urgent steps to disarm its nuclear weapons.

Why has the IMF given Pakistan money? Is it a loan or a grant? How is Pakistan's economy doing now, and why does the country need frequent grants and loans from other nations and institutions? We explain.

Pakistan's central bank receives $1,023 million in special drawing rights from IMF for foreign exchange reserves.

The International Monetary Fund executive board approved on Friday a fresh $1.4 billion loan to Pakistan under its climate resilience fund and approved the first review of its $7 billion program, freeing about $1 billion in cash.

The State Bank of Pakistan has said it has received second tranche amounting to $1.023 billion from the International Monetary Fund under the Extended Fund Facility programme.According to

Inflation has nosedived. The stock exchange has soared. The armed conflict with India, now in a truce, likely won’t knock Pakistan off course.